Category Archives: English
Law 2/2014, of January 27, on tax, administrative, financial and public sector-related measures
As of January 31, 2014 and until December 31, 2014, all housing rental contracts not subject to VAT (“Impuesto sobre el Valor Añadido”) will be subject to Property Transfers and Documented Legal Acts (“Impuesto sobre Transmisiones Patrimoniales y Actos Jurídicos Documentados”) by a 0.3%. This percentage will be calculated over the total amount to be… Read More »
Date: 6 February, 2014
Categories: English European Union
Europe against financial market manipulators
The European Parliament recently approved the implementation of tough EU-wide criminal penalties for market abuse. The votes reached by the plenary session of the Parliament clearly showed its intention to “restore confidence in EU’s financial market and improve investor protection” by stipulating severe criminal penalties (with a minimum jail sentence of 2 or 4 years… Read More »
New term for the implementation of SEPA
The European Commission has agreed to postpone to 1 August 2014 the end-date in the euro area for the migration of domestic and intra-European credit transfers and direct debits in Euros towards Single Euro Payment Area (hereinafter referred to as “SEPA“) credit transfers and SEPA direct debits. The rationale behind the decision of the CE is… Read More »
The future of renewable energy in Spain
According to the press release of the National Markets and Competition Commission (“Comisión Nacional de los Mercados y la Competencia”, hereinafter referred to as “CNMC” by its Spanish initials) published today, this regulatory authority supports the decision of the Spanish government regarding the termination of the renewable energy bonus scheme. Even though the report on… Read More »
Date: 9 January, 2014
Categories: Economic Trends English
2014: A YEAR FOR OPTIMISM
According to the report Business Perspectives in Spain and Europe 2014 (“Perspectivas Empresariales en España y Europa 2014”) drawn up by several Chambers of Commerce all along the country and published yesterday, a “significant” improvement regarding the turnover of Spanish companies is to be expected for the present fiscal year. This improvement will be mainly… Read More »
Date: 27 December, 2013
Categories: English Legislation
SOME STEPS TOWARDS MARKET UNITY
Law 20/2013, of 9 December, Guaranteeing Market Unity, entered into force this month in order to overcome the piecemeal legislation regarding the requirements to be met by the companies operating in Spain, which were until now set forth in the corresponding commercial regulations of each autonomous community. Among others, the abovementioned Law provides the following… Read More »
Date: 8 October, 2013
Categories: Administrative Law English Legislation
Final approval of the Law on Support of Entrepreneurs
On 19 September, the Law on Support of Entrepreneurs was definitively adopted. This project, which can be considered as one with a strong media impact, reviews all current legislation related to entrepreneurship, and develops the regulations in force in a broader framework, ranging from the subjects taught in Primary School to the visa regimes on… Read More »